Accountant Receives $4.5 Million After Filing Whistleblower Suit

The Associated Press reports that an accountant from a small, undisclosed town is in line to receive $4.5 million for informing the Internal Revenue Service (IRS) that his employer had been avoiding tax payments. The whistleblower’s tip allowed the IRS to collect $20 million in taxes and interest from the financial-services firm.

The whistleblower award represents a 22% share of the total amount recovered, the Associated Press article said. The IRS whistleblower program, implemented to encourage employees to disclose instances of employer fraud, mandates an award between the range of 15% to 30% of the amount recovered.

The whistleblower’s attorney, who assisted in the case, did not release the name of the client or the firm because his client wished to continue his job as an accountant.

This entry was posted on Thursday, December 8th, 2011 at 6:38 pm and is filed under WT Blog.
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